Business, international

DENMARK: DSV'S FIRST HALF 2001 RESULT

Article Abstract:

DSV, the Danish transport giant, shows an operating profit of DKr276mn in the first half of 2001 on a turnover of almost DKr10bn (US$1.1bn). The company is satisfied with the first-half results even though it has problems in the Swedish market, which is its most important market outside of Denmark. DSV's operating profit in Sweden in the first half of 2001 was DKr22mn on a turnover of DKr1.8bn. DSV's take-over of DFDS Transport in Sweden is yet to be completed. In Sweden, DSV is to cut costs in DFDS Nordisk Transport (NTS) and to merge the company with DFDS Fraktarna. DVS stands by its forecast of a pre-tax profit of DKr310mn and a turnover of DKr20.2bn for the whole of 2001.

DENMARK: AROVIT BOOSTS PROFITS

Article Abstract:

A/S Arovit Petfood, the pet food producer, has boosted its profit to DKr84.5mn in the 1 July 1999-31 December 2000 period despite the fact that the company's raw material costs rose considerably when BSE and foot-and-mouth disease forced the company to opt for poultry instead of beef and pork for its cat and dog foods. The company's net turnover also rose from DKr1.06bn in 1999 to DKr1.9bn (US$ in 2000.

DENMARK: SC SORENSEN'S BOOSTS PROFITS

Article Abstract:

SC Sorensen A/S, one of the leading suppliers of steel to the construction sector in Denmark, has more than tripled its profit after tax to DKr24mn (US$2.9mn) in 2000. MD Soren Hoff-Jessen anticipates the 2001 results to be in line with the results achieved in 2000 whereas sales will drop as a result of fall in prices.